Nokia: Earnings Preview
Nokia Corporation (NOK), the world’s largest mobile phone maker, is slated to release its first quarter 2010 results on Thursday, April 21, before the opening bell. The current Zacks Consensus Estimate for the fourth quarter is pegged at 13 cents, representing an annualized growth of -30.62%. With respect to earnings surprises over the trailing four quarters, Nokia has outperformed the Zacks Consensus Estimate in all three quarters except one quarter where the earnings per share (EPS) missed the Zacks Consensus Estimate by a penny. The average earnings surprise was a positive 20.38% over the last four quarters.
Fourth Quarter Recap
On January 27, 2011, Qualcomm reported its fourth quarter 2010 financial results. Quarterly net income on a GAAP basis was $1,009 million or 27 cents per share compared with a net income of $1,200 million or 35 cents per share in the year-ago quarter. Adjusted EPS of 30 cents exceededComplete Story »